Ibrox Stadium

Next Game

Rangers v Falkirk

Saturday, 25 April 2015, 15:00

Scots Champ

Last Game

Dumbarton 1 - 3 Rangers

Saturday, 18 April 2015, 15:00

Scots Champ

Fans group gets behind King

A coalition of Rangers fan groups says it will press ahead with Dave King's plan to drip-feed season-ticket cash to the club as the battle for power at Ibrox intensifies.

Last Updated: 14/03/14 at 20:19 Post Comment

Rangers fans group falls in behind former Ibrox investor Dave King

Rangers fans group falls in behind former Ibrox investor Dave King

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

South Africa-based businessman King has flown to Glasgow for talks with fan groups and investors and the former director also had a meeting with club chairman David Somers on Friday.

A supporters' collective, the Union of Fans, have set up the trust fund first suggested by King last month to collect season-ticket money from the Light Blue faithful.

It says it will only pass on the cash to the current board once it has given supporters assurances about the club's finances. The fans claim that the club could be cast into 'the wilderness' without King's support.

The move comes after Rangers posted a £14.4m loss last year and were then forced to enter into a £1.5m loan arrangement with investors Sandy Easdale and Laxey Partners.

The agreement hands Easdale and Laxey security over the Albion car park and Edmiston House facilities near Ibrox, and Laxey a guaranteed £150,000 profit on the deal; the club say they are now examining a counter-offer from shareholder George Letham.

The fans' statement read: "We believe that if the board is happy to hand over security for the Albion car park and Edmiston House, in return for a high interest loan, then they should be happy to secure Ibrox and Auchenhowie (training ground) for the supporters.

"The board has already publicly stated that it has no plans to use these assets to raise finance and we therefore see no reason why it would not comply with this request."

The statement continues: "It is clear from Friday's meeting that Dave King shares the concerns of supporters with regard to the desperate need for investment in the club.

"He has indicated that he is willing to provide that investment by taking a lead role in a fan-based initiative and we are fully supportive of the terms on which he wishes to do so.

"We have arranged to meet again early next week to move the plans forward once he has completed a series of further meetings over the weekend. We would hope to then be in a position to release specific details.

"We are extremely happy with what we see as a clear path forward to return Rangers to health and put the club on a secure footing, where it can challenge for the league and in Europe in the years to come.

"Without the investment being offered by Dave King and others, and with the current board planning to slash costs across the club, which could even delay our return to the top league, we fear that Rangers could be left in the wilderness for years to come."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

W

hen a players ability sinks to less than SWP's, but his value accelerates to more than £50m you know you must be in the comments section of an article about a Liverpool player leaving.

goober
Sterling Case For Leaving 'Bigger' Club

I

ll never forget Matt Stanger on Scott Dann on the transfer blog. I've always rated Dann since his time at Brum, and some newspaper had him going to a biggish club after Blackburn's relegation. A ball playing defender, Stanger mused, quoting. Pah. He's a godawful hoofer .

arexrarris
F365's Top Ten Unheralded Players Of The Season

T

o be fair, one of the reasons its so difficult for certain clubs to get close to Real Madrid or Barcelona is once they have a player who is good enough to compete against the likes of Real Madrid or Barcelona, they f*ck off, usually to either Real Madrid or Barcelona.

hump3.
Simeone baffled by PL failure

Footer 365

Harry Redknapp criticises Mauricio Pochettino and Tottenham

Harry Redknapp says Mauricio Pochettino "has been rescued" by the performances of Spurs' young players this season, and has criticised the club's transfer policy.

Arsenal's bid for Paulo Dybala confirmed by Palermo

Palermo president Maurizio Zamparini claims that Arsenal have made a bid for 'new Messi' Paulo Dybala.

Diego Simeone baffled by Premier League failure

Diego Simeone is baffled at the lack of cash-rich Premier League clubs in the later stages of the Champions League.

Mail Box

Brendan Rodgers Deserves Another Season...

"I am not bashing Chelsea, however..." The Mailbox takes aim at Jose Mourinho once again and under-fire Liverpool boss Brendan Rodgers "deserves another season".

Klopp Over Rodgers? Not On Your Nelly

Liverpool fans have short memories and should give Rodgers more time, while Jose's tactics and claims are getting many more in a stew. It's the afternoon Mailbox...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company